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.com/nbr. >>> end of an era, steve balmer, microsoft ceo and chief sales meeting, bill gates gets emotional. what is next for the software maker and who will lead it? >> do it yourself. more people are and home depot is reaping rewards raising the outlook for the third time this year. it's not the only company profiting by the trends. >> pinched by pensions. tonight we head to chicago to see just how deep the problems run. all that and more tonight on "nightly business report" for tuesday, november 19th. >>> good evening everyone. topping our news, three corporate giants, jp morgue chase, home depot, microsoft members of the dow index and making news today for different reasons. we begin with microsoft and shareholders meeting today but it wasn't a typical shareholders meeting. this was the final one for steve balmer who steps down as ceo next year and marks the beginning of a historic management changeover at the company. as microsoft's bored narrows the search for a new leader, the company will end a 38-year stretch where balmer and dates led. who might be next in charge. >> reporter: it was a
money. every time he played poker he brought a shoebox full of change. we called him shoebox steve. >>> let's move on to jpmorgan. that was over the sale of mortgage-backed securities covered by jpmorgan and bear stearns in 2005 and 2008. jpmorgan bought bear stearns. it was march of 2008. it predated the heart of the crisis being that it was in march but bear stearns was 2 bucks and ended up being $10. the larger question here is are they moving through all of the various fines, penalties, fees, settlements that they need to, can investors see through to the other side? they have put aside 23 billion for so-called litigation expense. jim, i start to wonder whether the continued -- i wouldn't call it an avalanche but the continued pressure from regulate are to regulators and all of the pressure points that they seem to be applying, one has to wonder whether we'll truly abate and get back to what we call real earnings power for these financial institutions. >> look, if we had normalized earnings and this is not a normal time, then jpmorgan would probably be 6, 7 points higher. all o
wherever they're going. >> steve centanni at reagan national where they have loud music. by the way, the president of the united states was able to fly back to washington before the rotten weather here. he had been busy. he had been out in hollywood. he had three fund-raisers, 19 hours telling hollywood good job out there. >> started in seattle, san francisco and then over to los angeles. >> remember when he was too busy wanting to focus on the website healthcare.gov getting it functioning, but apparently this trip was important to get into hollywood and give the message that he wanted everyone there who could eventually influence those watching the programs -- >> yeah. it was a big -- watch. >> i was talking to some of the studio executives and i said, look, the rollout of new health care marketplace was rough, and nobody was more frustrated about the problems with our website than i am. and yet here in southern california and here across this state, there are thousands of people every single day who are getting health care for the first time. for the first time because of this. an
. >> and we are joined by steve newton, the co-owner of missions barbecue. good morning, steve. >> good morning. >> tell us why did you start mission? >> well, we wanted to build a business that had a purpose and meaning and it gave back. so police, military, fire, first responders, uniformed american heroes, and we want to give back and say thanks and honor them. and nothing more american than barbecue. and american food meets american heroes. >> this sounds good. and talk to us about veteran's day what you're doing for the military on veteran's day. >> on monday, veteran's day and we know that freedom isn't free. as a small gesture and appreciation, we are offering free sandwiches all day long to veterans and active duty military. we kick-off at 11:00 with the unvailing of the charm city cake. they made a specialty cake for each of the restaurants. and then at noon, we have a live version of the national anthem. we hope everybody comes out and says hello to the guests of honor, all the world war ii veterans on that day. >> and when we come back, our photographer just gave us a sneak p
to the top. >> reporter: steve admits he may seem like someone who needs help. >> 99% of society today thinks that i need help and i beg to differ. >> reporter: in fact it's easy to see that the wheelchair bound man has always done when he set his mind too. he graduated from united states davis, married with two children and started his own foundation. >> i don't ever let anything stop me from doing anything. >> reporter: in 2008 he set his mind to something that seems ridiculous. he decided to climb the 2200- foot route up el capitan. and make a movie about the trip. he was never a climber. he has a fear of heights and yes he has cp. >> it's insane. >> reporter: a good able bodied climber can do it in two days. >>> how far did you get on the first day? >> 400 feet. >> reporter: he pulled himself up about two inches at a time and and cammed out on five nights. >> i passed out ono -- i was dehydrated. i went into high in -- >> reporter: he knew he had to finish. he made a promise. >> kids -- i told them doing this for -- i cute quit. >> reporter: his foundation takes disabled kids
'm becky quick along with andrew ross sorkin and steve liesman, who is in for joe kernen today. o is enjoying a day off. our top story today, of course, it's retail. so we are lucky enough to have our industry expert dana telsey here this morning. >> thank you. thank you for having me. >> have you slept? >> i don't believe in sleeping, not when the stores are open. >> that's what we figured. we'll talk more to dana in just a moment. at least a dozen retail chains opened their stores yesterday. it did make for some big thanksgiving day sales. overall, the national retail federation expects sales to be up by 3.9% during the last two months of the year. that is higher than last year's 3.5% growth. but it's below the 6% rates that we saw just before the recession. and whether you hit the stores yesterday or not, plenty of people are out this morning. if you are planning on waking up early for your black friday sales, you're late. step et up. shoppers are expected to spend an average of $650 this weekend. that's 11 1% more than last year. we have the chief merchandising officer at toys
will replace outgoing ceo steve ballmer. josh lipton live in bellevue, washington. >> reporter: it was an historic day at microsoft shareholder meeting. the last meeting with steve ballmer as ceo. ballmer's record at microsoft is mixed. revenue jumped but critics say he mixed big tech trends like mobile and social. stock is up sharply this year but down 25% under his watch. bill gates at the shareholder meeting today gave no guidance for when a new yi would be picked. he did seem to get choked up when talking about his friend, steve ballmer. >> we've got a commitment to make sure the next ceo is the right person for the right time for the company we both love. and we share a commitment that microsoft will succeed as a company that makes the world a better place. >> top picks to replace ballmer mentioned, ford ceo allen mulally and former nokia ceo elop, as well as kevin turner, coo and nadella of cloud and shared enterprise. microsoft made a point of emphasizing their cloud products. whoever replace ballmer and strategis, the new ceo will face new challenges as microsoft reposi
your biological parent. when that journey started for steve, he found quickly he had been kept in the dark of what was otherwise an open secret. here is a thing about a place like kansas things can hide in these wide open spaces. hopes, lies, secrets. the sky is like a huge lid trapping everything inside my name is steve, and i was born in kansas. i whats a i documente a adoptedy jane who raised me on this farm along with their six daughters and two sons. i grew up leaving thing believiy family were a certain way. but when you turned 18 i found out everything i thought i knew was a lie. ♪ >> testing one two. testing. >> all right this is for real. >> tell us what you want to know? >> did you ever think that -- do you know do you have any regrets? >> oh, no. >> no. >> do you think you handled everything the way you wanted to handle it? >> i would have liked to have done more for him. how do you feel? yeah how do you feel about us. >> i sort of block it out of my head. >> i think i was angry because i felt like i was left out. no, you weren't. >> you don't know what it's like
orgasms. >> reporter: steve says he would still be there but his wife decided it was time to leave. >> everything was in the open so sometimes a lot of times the women would arrange the dates for their -- their husbands or boyfriends with another friend of theirs. there's no like sneaking around. ♪[ music ] >> reporter: in recent months, lafayette morehouse appears to have ramped up its public presence on its facebook page and website where they clearly state they are not a cult. there is no common spiritual belief. and former members that i talked to say anybody is free to leave whenever they want. >> we're a university community. >> reporter: at one point in its history it had an accredited college campus called more university. you could get a ph.d. in sensuality. >> sexual information how to give women pleasure basically. that's what we majored in and that's what we got our degrees in. >> reporter: i reached out this them. they declined a request for an interview. more university is no more. lost its accreditation. but look at the website now. lafayette morehouse, they still
of player misconduct. he has been accused excessively hazeing a fellow teammate, jonathan martin. steve harrigan joins from us miami. steve, there is more revelation that is might trouble people coming out about the suspended lineman. what do we know about this? >> certainly some more troublesome video coming out about richie incognito taken earlier this year with a group of teammates at a fort lauderdale bar called dirty blondes. images show incognito stomping around bare chested and using the "n" word in relation to another teammate who is present and appears to be laughing. more scrutiny of incognito's history as we, being kicked out of programs at university of nebraska and oregon and let go by the rams after fighting with the coach in 2009. i was voted dirtiest player in the nfl. he has been suspended indefinitely after discovery of racist text messages by the dolphins management. that management really wants to get to the bottom of things right now. owner steve ross called for an independent investigation by the nfl. the coach of the dolphins is on the hot seat but as far as the p
weather and traffic. steve, you still following the sprinkles? >> very light rain. most of it looks to be in the east bay right now. morago and north gate high school, walnut creek, concord. after that, it's been falling from san francisco, south san francisco, san bruno then to oakland. now it looks like the east bay. there's a still a little bit. not a lot. also up, mike in mill valley, picking up a little bit of light rain. most of this is about to a trace. i doubt anybody will get more than a .01. after that, it's very, very scattered. there's not a lot. mainly to the north. we get the clouds. 50s on the temperatures. they haven't budged or moved. a little bit of a south wind. san francisco, some light rain early. i think after about 8:00, it's probably about done. we'll hold onto light rain. mostly sunny by this afternoon. and 65. if there's some light rain, it won't last long. partly sunny, cool to mild by this afternoon. i mean, some lows are sitting at 58. you can see all of the cloud cover streaming through. but there's definitely clearing taking place on the back side of t
reasons you're on u.s.s. new york. >> reporter: that's right. good morning, steve, list beths and brian and hello everyone on this veterans day. i am aboard right now a boat which is aboard the u.s.s. new york which is a war ship still in active duty right now. we are parked in the hudson river, which is along the island of manhattan. people can actually visit the boat today located on pier 88 until 4 p.m. eastern time. just today come out and visit. i'm with lieutenant brown. lieutenant brown you did give me battle rattle to wear and this has equipment on it? >> all mission essential equipment. >> the title of your squadron. >> coastal region squadron 4 in little creek, virginia. >> congratulations for all you do. i have command master chief isbell, correct? what does veterans day mean to you, captain? >> it means everything, about celebrating and honoring those who paid the ultimate sacrifice defending our country and our liberties. also about those who are serving today and those who will continue to serve. and new yorkers, all the sailors and marines in new york couldn't be happier
to the victims. >> it looks pretty dry and it could change in some areas, steve paulson will tell us which parts of the bay area will see some sprinkles and it is all ahead on the ktvu channel 2 morning news. >> this is ktvu channel 2 morning news. >>> good morning, we are taking a live look at the bay bridge, the new beautiful span and that means you can see in the darkness the old bay bridge. we will hear about some. dangers crews faced intaking down the old bridge and what they have to say about that, it is november 12, 11, 12, 13. >> let's look at traffic but steve is right there. >> yes, it is cloudy, and there is some light rain trying to develop off
. >> it is about steve cohen and it is steve cohen. this is fascinating. steve cohen has not been charged with insider trading but the day after sac pled guilty, paid $1.2 billion, steve cohen remains under investigation, the next day chris christie won overwhelmingly new jersey governor and guess what he did? he personally called steve cohen to come to his big gala association and attend a private dinner. now there is nothing illegal about that. but this is now raising eyebrows from people, republicans who saw him at the event, from people starting to make its way around the political analyst circles where they're saying this is incredible fodder for anybody that runs against christie in the future, particularly if he goes up, if he runs for president in 2016, this could be a campaign commercial. this is what we know, christie personally invited him. heard through the grapevine steve cohen following the monday plea deal was depressed, wasn't feeling very well. told him to get, quote, his rear end off the couch from what i understand. that is direct quote from somebody and attend the even
. steve sentani joining me now from washington. hi, steve. >> new fallout on the rollout on the sunday talk shows. the president with the new health care law stumbles at the starting gate, and many are getting kicked off their present plan. he announced that anyone who wants to keep their existing plans can do so for one year. but it's not a solution to the problem. >> they're being hit by sticker shock, they can't keep their doctors. and what the president has proposed is basically a false fix. it's a political band-aid but it's not a permanent cure for the people who are being hurt by his policies. >> now, the administration has promised to fix the health dare website by the end of this month. in the meantime, insurance experts say they will continue to work with the administration to make sure the markets don't blow up and the insurers don't become insolvent. democrats say it's time to be patient and let the system work for the american people. >> i think we just have to remain calm, get through the website getting fixed, clarify some misrepresentations about it, but it's the law of
by tomorrow. the driest year ever. look for temperatures in the 50s and 60s. here's sal. >>> steve, good morning. we're looking at a commute that's just average. some areas are not doing well. but others are better. it's kind of averaging out into an okay commute. for example, if you look at 880 here, it's looking pretty good near the coliseum heading up to downtown oakland. when you get to the bay bridge, we don't have a super-huge backup. it's backed up for a little bit. the 880 ramps are the best way to get there, especially if you have fastrack, you will be able to bypass a lot of that traffic. 580, that's a different story. 580 in livermore has been slow the entire way from the altamont pass all the way through. we had a crash on 680. that has traffic backed up into san ramon, heading south towards pleasanton. it gets better if you are on the road after pleasanton. but the traffic is not that bad on 680 and fremont. 101 southbound near belmont we've had a series of collisions. 7:03. back to the desk. >>> all right. thank you, sal. >>> police in santa rosa are asking for the public's
could change in some areas, steve paulson will tell us which parts of the bay area will see some sprinkles and it is all ahead on the ktvu channel 2 morning news. >> this is ktvu channel 2 morning news. >>> good morning, we are taking a live look at the bay bridge, the new beautiful span and that means you can see in the darkness the old bay bridge. we will hear about some. dangers crews faced intaking down the old bridge and what they have to say about that, it is november 12, 11, 12, 13. >> let's look at traffic but steve is right there. >> yes, it is cloudy, and there is some light rain trying to develop off the san mateo coast and my guess is you probably will -- it will probably fall apart by the time rain arrives. if you need rain tweet me or e- mail me. cloudy and temperatures are in the 50s and this is our tracker and it completely wipes it out. again it is losing its support which is part of its apparent low. and the atmosphere is extremely dry, 50s are on the temperatures. for more on the backside we have some clearing and that sun will make an appearance later today. m
is that possible? we're going to tell you what we know. >> please don't ask me that, steve. i don't know. want to know why president bush wasn't scared about getting a heart procedure? >> i wasn't that scared. >> you had obamacare? >> yeah. >> we'll have more for president bush. "fox & friends" starts right now. ♪ ♪ >> it's "fox & friends." >> listen, the reason we've got a jack hammer in the background because as it turns out we found out yesterday on capitol hill that the obamacare website not done. something like, what, 30, 40, 50% still under construction. >> a work in progress. is it a building? no. it's just your health care. this is actually terrible news actually. as funny as that beginning was, it's no joke. yesterday few exchanges went down during the hearings and henry chao, the chief information operating officer here spear heading it all, going into the tech being put on the site, supposedly he then is explaining that the site is still under construction. and the exchange occurred between representative corey gardener and henry chao yesterday. listen to. >> never talked about
president bush also with us our own steve liesman. gentlemen, good to see you. >> good to be here, maria. >> explain the theory. >> well, look, if obama care fails because of the website, well, then that's terrible for the president. let's say it succeeds and give it the benefit of the doubt and say the president is right and 30 million people sign up, and they start getting insurance, but they start paying premiums. those premiums maybe they'll be a bargain, $100, $200 a month. >> they haven't been a bargain. i see your point. >> let's give the president all the credit and say it's going to work. that's by my calculations about $77 billion of spending by consumers that they won't have to spend at mcdonald's and target and ford motor -- that's a lot of money. more than the president's stimulus plan spent on infrastructure or for tax cuts. it could be in an economy right now where consumers look a little bit shaky, it could be just enough to dislodge us from this tentative recovery. >> steve, you on board? >> not exactly. and i question todd advisedly because he's taught me about economic
panel, steve haze of the weekly standard, and syndicated columnist charles krauthammer. before we get to the action in the house, the president met with officials from some of the biggest insurance companies today. steve, is his fix really about trying to solve these problems to get these canceled policies restored, or is it more about shifting blame to those insurance companies? >> it's entirely about shifting blame to those insurance companies. one of the things that was most interesting about his comments yesterday is how substance free, how policy free they actually were. and at one point in the course of his statement the president and what has to be considered a gaffe announced that the key point, his words, the key point here is that he not be held responsible but the blame be put on the insurance company. he said it at his own press conference. that's what it was about. >> you know, chuck, the insurance companies and the state regulators, you have to feel for them to some degree because they have spent years, more than three years now, trying to build a structure to comply wit
and traffic. steve, i like the sunshine you showed us. >> we have nice sunshine. very mild for tomorrow. only a couple of 30s. a loet of 40s -- lot of 40s. san francisco temperatures are on the mild side from 50 in kohl valley to 56. financial district, south of market, some mid-50s. eureka valley, lower haight, potrero hill, 50s. higher clouds. it will be a little warmer today for some. especially towards, i think santa cruz, which i went for 80 degrees down there because they do have an offshore breeze. the east breeze should hold everything in check. mostly sunny, partly sunny at times. but 60 to 80. many locations will be in the low to mid-70s of the here's sal -- mid-70s. here's sal. >>> all right. the chp says there were two separate crashes. that motorcycle you see right there was driving down and may have hit some concrete debris as a result of the crash. the newschopper2 is about to show us it as he pans left. you can see the original crash northbound on 101. we're coming up to it here. it was an injury crash. it took out some of the guardrail, yore turned vehicle -- overturned vehi
a listen. >> steve it's great setting things up. those guidelines are for the control room. >> joe is right. after having been a print recorder 30 years, i lean on the written word. >> it's getting it organized. >> i have no time for organized thoughts. >> that we know. >> let's welcome our guest hoist bill george. he's currently at harvard business school. bill, we're so glad you're here. so many things to talk about. let's start off you by what steve was discussing. what's happened with the fed? what do you think will happen? >> i'm a fan of bernanke. in my opinion he saved us in '08. we have no fiscal policy in this country. he's trying to off set the monetary policy. he's gone as far as he can go. we've got to pull out of this. i think they'll keep interest rates low. >> you say you're a fan. are you a fan of what's happening now? >> we have an imbalanced economy. we're hanging on for dear life trying to get the unemployment down. i think there's too much money in the economy. it's eventual got to come out. they're not going to do hit with unemployment rates. >> are they paying too much
hercules to richmond. b.a.r.t., caltrain and muni are reporting no delays. now, let's go to steve. >>> thank you sal. under clear skies, a little hint, just looking richmond, outer richmond, sunset even over on san francisco state, winds are easterly. there's fog off the coast. but it's staying off the coast. let's focus on the rain or the lack thereof in san francisco, 0, nothing, in october that's the first october that no rain has fallen on san francisco since 1980 and the 14th time in 160 years of o weather keeping. 9 -- of weather keeping. the odds are favoring dry, but i remain steadfast we'll see rain in november. and we'll get blustery cooler conditions on the weekend. today it's sunshine and warmer temps. tonight it will turn westerly into tomorrow. we get that offshore push. had that yesterday, we'll have it again today, which means nice conditions by the beaches. the fog is there. it's rare. it wants to touch the san mateo coast but it can't. 39 here half-moon bay. there are cold readings under clear skies. this system is poised to make a move toward the pacific northwe
economic analyst steve rattner. white house correspondent for the associated press julia pace. and al hunt, met your producer last night at politico. nice guy. we started the day in politics and proez prose, you had a sold out packed house. >> they not sam stein was going to be there. >> and there were a lot of republicans there. you're drawing a republican crowd. >> this is politics and prose. usually when i tell people, use my marxist joke, they all laugh. last night, they stood up and applauded. so you're reaching out to a new republican party. >> it was amazing. there was even a republican who voted for obama who stood up proudly and said that. >> that doesn't happen so much. used to say how many republicans, how many democrats. like in 2009, shield say and how many republicans who voted for obama. and there would be like ten people applauding, be really proud of themselves for being transformative and having the courage to cross party lines and make a difference. that doesn't happen so much anymore. there was one last night, though. >> that's my neighborhood and one your year when my
and we'll let you know if anything happens with that. 7:19. let's go to steve. >> thank you sal. >> you're welcome steve. >>> clear skies, nice today. cold for some. not too bad in san francisco. a lot of 50s on the lows. inland, you can find o 30s. big differences in the -- find 30s. big differences in the temps. clear skies this morning. all the higher clouds went south. starting to do a dance. you don't want to see that. ken lawrence our o director, we all -- our direct, we all have issues. the comments i get in my ear sometimes. turning colder next week. we need the rain, we're definitely going to get the cold next week. it's cold now, but these may seem warm compared to next week. next couple of days, things look good. the cloud cover went south, down in southern california where they are getting rain. santa barbara, la, san diego, not too bad. mainly confining itself to the coast. higher clouds are working north and south of monterey and salinas. the slow going to stay there. the rain stays along the coast, skirting it. nationally it's quite until next week when a cold system is g
months later, steve, the survivors, the people who survived the attack in benghazi have not been made available to the u.s. congress for oversight pumps. so i'm going to block every appointment in the senate until the survivors are being made available to the congress. >> that was the morning after the "60 minutes" piece aired. but nothing from senator lindsey graham today. and david, how does he justify blocking every post that the president proposes? i'm talking about the head of federal reserve, all of these things that have absolutely nothing to do with benghazi. >> sure. well, you're right. they've been quiet today. at least as far as we knew by mid-afternoon, fox has not covered this story at all. what's going to happen here rather than what should happen is they're going to have some closed door hearings next week in front of a partisan committee. this source didn't work out for them. but they're going to keep looking and looking until somebody says what they want them to say. what should happen here is the republicans, "60 minutes" should apologize to the american people. they
, looming question this morning. could all of this have been prevented? steve osunsami is outside of tampa. steve, good morning. >> reporter: good morning, dan. they're already at work here in the rain, beginning to tear down that second home that nearly fell into that sinkhole. families here who have been fighting this sinkhole issue for years, have beyond frustrated. authorities here, carefully tearing down two of the homes that were nearly swallowed by the sinkhole outside tampa. they are filling the hole with sand. and nearly 60 feet deep, it could take days. >> of course, i'm upset. >> reporter: the dupree family is beyond frustrated. they first saw the cracks and heard the creeks in 2011. the insurance company agreed they had a sinkhole. but disagreed on how it should be fixed. the family lost in court. and the work had just started this week, too late to save the home. >> the stress of dealing with it every day. and the stress of having to deal with fighting the insurance company to do the right thing. >> reporter: just a few miles up the highway, the ferraros have a sinkhole growin
film careers, steve martin and angela lansbury and our rachel smith was in the middle of it all. >> reporter: even for hollywood superstars who have seen it all. >> this was my first time being at the governors awards. >> reporter: it's one prestigious spectacle. >> i try to be here until they kick me out. statutettes of the evening going to angelina jolie receiving the jean herschel award. >> when i met survivors of war and famine, i learned what life is like for most people in the world, we are all, everyone in this room, so fortunate. >> reporter: actress angela lansbury, what. >> what an incredible moment. >> reporter: and steve martin. all receiving honorary awards. it's about time we see you at the governors awards. >> they're considered the highest honor an actor can receive in mid-november. >> reporter: steve's funny friend relishing the opportunity to present their pal with the honor. >> my wife who is as beautiful as she is smart. and -- i knew that i wasn't going to make it through this speech. i read it to my dog this morning and wept. >> reporter: this star-studded
for his foundation but i asked steve how the kids he promised reacted to his reaching the top. >> steve couldn't answer but his wife said the kids now see steve as a champion. >> these children can put a face to their own optimism they can put a face to their own hope, their own self- expectations that is what he did climbing that mountain. >> reporter: it has already won 46 awards at film festivals. he says his feet fete shows you can do anything. >>> great story just amazing. as far as our weather, a first look for today. >>> drop in temperatures right now currently 54 degrees san francisco but the north bay look at these temperatures dropping off santa rosa, right now 44 degrees, more neighbourhoods, petaluma, 43, san raphael, 51, quick check on the east bay, concord, liver more a few more spots dropping back down to lower 40s. walnut creek, 44 degrees. forecast tomorrow morning partly cloudy skies, patchy fog, temperatures coolest locations in the 30s. santa rosa, napa, 40s. patchy fog near the coast. dry and mild this weekend see temperature timeline throughout the day by 4:00 p.m.
of numbers. >> holy cow, a busy one. >> we could have a settlement between the government and steve cohaan's capital. that story is coming up. >> are more people trading in their old tablets? we will talk to the ceo of gazelle. >>> back with "squawk on the street" live from post 9 in just a moment. nes investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-280-0149 now. optionsxpress by charles schwab. a
. >> let's see how this company trades. steve rattner and a whole bunch of chat on it on "morning joe," which starts right now. ♪ >>> it would be speculating about somebody who wasn't doing their job well. speculating about me means i'm continuing to do my job well. if i'm doing my job well it's good for people here. i don't see it as a burden. you got to have a huge ego to say oh, please it's a burden for you speculating on me to be the leader of the free world. that's a pretty huge ego to be complaining about that. it's complimentary and i'm flattered. >> good morning. it's thursday, november 7th. welcome to "morning joe." with us on set -- >> you introduce and i ask. >> no, no. >> i'll ask that question. >> no. >> you can take all the time you want. >> no. >> i'm going jump straight to it. chris christie, we love him. he's wallowing in this. you did this. i love that zoom in. like that 1972 candidate. >> chris christie represents all the hopes and dreams. >> just answer the question now. just shut up now. come on. >> political talk, just stop it. answer the question. answer the q
. >> you don't have anybody to thank. that's too bad. steve weiss long. >> pete? >> buy citi and bank of america. >> i would take a shot of cpb. >> i like franks international oil service. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> all right. scott, thank you very much. jpmorgan expected to settle any minute now really with the government to the tune of some $13 billion. has it put the worst behind it or not? is it time to buy jpmorgan stock or look to other financials? we're going to take a look at that whole sector and see where you might best make some money now. tesla is under fire, yes fire, as the government begins an investigation surprisingly, the stock is up today. selling off rather sharply in the last three or four weeks. we will tell you if the inquiry will put a dent into tesla's sales. you may be surprised on that one. strong quarter for home depot, boosted by a resurgent home remolding sector. is the stock, a buy, sell or a hold. old-school debate coming up. first let's check in with sue at the ne
. did i say 930? he was on the space shuttle and put it on water. let me go back again. thanks, steve. caught on video, a powerboat racer crashes at 130 miles an hour and lives to tell the tale. starts now. >> that doesn't sound as impressive. right? >> you're watching "fox & friends." sit up straight, brian. >> we're lucky he's fine. >> we know he survived. that's the good news. >> today is going to be the easiest day to write a check. >> why? >> today is 11/12/13. >> wow! speaking of news, let's talk a little bit about this. we had heard from the government that they thought by the end of the first month they would probably sign up 500,000 people, and yet the early numbers so far -- there are two news sources. "the washington post" says it's 40,000 people and the "wall street journal" says it's between 40,000 and 50,000 people. only six signed up on the first day and as i said the target was half a million by the end of october. >> in places like or orbgs apparently the -- in places like oregon, "the washington post" has said it has set up its own skhraepbg system. they haven't seen
sales apparently unaffected. >> gasoline, steve liesman said not spending as much on gasoline, we're biography sweaters. it's true. if you looked at it empirically, it's apparel, a little more money in the pocket, not going to walmart, stepping up a little bui bit higher. >> down here at the big board, nuskin enterprises and over at the nasdaq, advanced energy. >> and nuskin, you do personal care and you push it, this is the opposite of avon in terms of performance. people betting against nu skin have not been rewarded. >> jcpenney a winner out of the gate, up more than 9%. your story, you'd rather by pvh. >> i'm not about surviving. i'm about making money. >> about thriving. don't survive, thrive! >> if they're doing well, what is terry lundgren doing at macy's? just putting points on the board. pvh is going to go much higher. i think the calvin klein deal is going to pay off dividends. >> lowe's, second biggest loser. >> disappoint ing. >> and smuckers, after kelloggs and campbell's soup, something's going on in food. >> campbell's soup, they talked about how disappointed they w
the politics of this steve comes with numbers. he comes with hard data. he's got the charts. looking first at who is going to pay more under the affordable care act. >> just because there is so much to talk about this to show what is what and who will be affected. let's look first as willie said, who will pay more, who will not pay more. this chart breaks down all americans into five gruchoups. these 80% are people who either get their health insurance from their employers, as probably most of us here do or they're on medicare or medicaid. for them, for the most part, life goes on. have you the 15% uninsured. they will be affected in a positive way by affordable care. we'll come to them later him then you come down to this roughly 5%. everything we have been talking about in terms of people getting their policies cancelled or whatever fall into this 5% budge. we're talking roughly 16 million people half of them will, should be able to get a similar plan without paying more for it. another quarter of that total will get subsidies. their incomes are low enough to qualify for some of the obam
how tough. >> i know. >> we have news to get to, joe. >> i said mannix yesterday. it's more steve lord. >> how do you describe the angle of pi head? >> contorted and your hair is parted down the middle. >> looks like a young raymond burr. >> he does. >> today is election day. we have important elections here. >> decision day in two states. voters selecting their next governor. both races could set the tone for the 2014 midterms and the 2016 presidential race. we'll start in virginia where the latest quinnipiac poll shows terry mcauliffe ahead of ken cuccinelli by six points. last month it was 12. cuccinelli said he's optimistic about pulling off the upset. senator marco rubio helped him deliver a final pitch putting the focus squarely on banl. >> i know tomorrow night the people of virginia will send a clear message to our country and the democratic party. >> absolutely. >> yeah! >> we don't want obama care. >> nope. >> we don't want more big government. >> no! >> i'm scared to death of what obama care is doing to virgin n virginians. terry mcauliffe is scared of what it's doing to hi
mentioned he's the author of the best-selling book steve jobs. and walter, we are dying to hear your thoughts on obama care. we've been talking about this a lot this morning. trying to figure out where we are in the situation. you're a big thinker. where do you think things stand at this point? >> well, i love the conversation between joe and governor markell. because in some ways both are right. this is an absolute disaster when it comes to showing can government do something big? we watch airlines merge and private industries and they're trying to get reservation systems right and takes three or four months of a bad flying summer. this one was difficult. but i do think and i know you'll push back on me that it is a problem the way things were before. two things, the fee for service which y'all talked about but also kids in their 20s. kids my daughter's age, they want to join start-ups, they want to be independent. employee, you know, health care is really something we have to get away from. people need to be able to go on to market and buy insurance. well, is this the best way to d
shareholder meeting in a little more than an hour or now, as steve ballmer gets ready to exit the tech giant. talked a lot about ballmer yesterday in that interview with the "journal." >> that was the topic of much conversation out west. drew halston from drop box talking openly about the idea that steve stood in the way of progress, marc benioff saying how he recognized the impediment to microsoft is himself. a lot of soul searcher out there. >> some other soul searching going on among ceos of fortune 50 companies, they looked at what happened with mr. ballmer where he expressed a bit of ambivalence about staying in this job to his lead director and they were like great, thanks. >> wow. >> and i've been hearing that those kind of ceos or any ceos, whether it's activists or just in general sort of wondering whether their board is going to turn on them are definitely seeking advice on how to prevent that from happening. >> this is a revolution. boards are supposed to be rubber stampers. >> not anymore. not as much. you still see some but there has been a change. >> abercrombie's board? >> you
center stage to receive one of the academy's highest awards. >> there you see along with her, steve martin and angela language lance. lansbury, and our rachel smith was in the middle of it all. >> reporter: even for hollywood superstars who have seen it all. >> this was my first time being at the governors awards. >> reporter: the governors awards hosted by the academy that brings us the oscars is one prestigious spectacle. >> i just try to be here until they kick me out. >> what can i nickname you? >> geoff o., or g crush. that is kind of my rap nickname. >> reporter: the golden statuettes of the evening going to angelina jolie receiving the jean hersholt humanitarian award. angelina, what does this award mean to you? >> it means a great deal to me and it's a very, very lovely thing. when i met survivors of war and famine, i learned what life is like for most people in the world, we are all, everyone in this room, so fortunate. >> reporter: and actress angela lansbury. >> what an incredible moment. >> reporter: come tune designer pierre otosi. and actor/comedian, musician/writer st
a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island of sicily, that's mount etna. blasting away for the first time since 1992. frightening pictureses from illinois. we'll have the details on the damage of a wave of tornadoes caused there in the heartland yesterday. they're still cleaning up this afternoon. more "power lunch" when we return in two minutes. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> a huge eruption, that's italys's mount etna
it wants to go higher. microsoft posted a significant markdown, and ceo steve balmer is retiring. that move wouldn't be happening at all and it's another case of a gigantic buyback just like merck and mcdonald's. how about walmart? recall, it turns out to be a fantastic buying opportunity and you're up a couple of bucks if you bought it with last week's weakness. i don't even care. what matters is that the stock is higher after a panned quarter. no one like the visa quarter, either except the buyers who had the incredibly well-run secular winner of the company that is still rung with the revolution. the six-point decline was a terrific entry point as visa now is only two points below where it reported and i sense they'll take that price out, too. chevron missed and quickly dropped three points in what looked to be less healthy paradoxing growth and not as exxon and not so hot refining margins and the stock is nicely above where they were, we have to be thank of the for the pullback. remember the woe is me goldman sachs quarter? the stock's now up 12 points from the 158 level that used the d
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